Hi Shanthi,
I will tell how it is normally done in banks. This is an annual exercise, where every officer is required to fill up the proforma of Performance Appraisal highlighting his achievements during the year and submit it to his higher authority(Reporting Authority) within a specified date. The Reporting authority will review the performance of his subordinate in the light of his submission and his own observation/assessment of the work done by his sub-ordinate during the year and with appropriate comments/remarks he will send to his higher authority (Review Authority) for final evaluation. The purpose of PA is not only to evaluate the performance of an employee, but also inform him areas where he is lacking, where he is doing well, where he can improve, etc. It provides a feedback as to how others view and evaluate his performance. It thus helps the management to know the performance of an employee, how well he is progressing and what are the areas which requires improvement. It helps the employee also because he comes to know where he is weak and how he can improve his performance further.
You can talk to a branch manager of a bank through a letter of you company and if possible, get a copy of the proforma of the P.A.But whether a bank will give it, I have my own doubts. A lot of thinking and deliberation and discussion would have gone into the preparation of a comprehensive P.A. Over the years they have standardized the P.A. It is a useful management tool.
Now-a-days 360 degree performance appraisal has come, but I do not know how man companies have implemented this.
M.J. SUBRAMANYAM, BANGALORE